Common use of Additional Remedies of the Administrative Agent Clause in Contracts

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 upon the occurrence of an Event of Default, or (ii) on the Final Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders), in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative Agent, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLenders, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority LendersRequired Xxxxxxx’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of DefaultDefault (that has not been waived), or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLenders, to immediately sell (at the ServicerBorrower’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s declaration or automatic occurrence of the Majority Lenders’ declaration that Termination Date (including, without limitation, the Advances made date on which the Termination Date is declared (or is deemed to the Borrower hereunder are immediately due and payable have occurred automatically) pursuant to Section 8.01 upon the occurrence of an Event of Default, or (ii) on the Final Maturity Date7.01), the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees fees (including, but not limited to, any Optional Prepayment Penalty, Undrawn Fee and/or Make-Whole Fee, as applicable) and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLenders, to immediately sell (at the ServicerBorrower’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, all or any or all portion of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLenders, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.. 122

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity DateDate (other than a Facility Maturity Date occurring pursuant to clause (d) of the definition thereof prior to an Event of Default), the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield interest and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders), in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative Agent, to immediately sell (at the ServicerBorrower’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender Agents, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority LendersXxxxxxx’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield interest and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders), in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative Agent, to immediately sell (at the ServicerBorrower’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the ObligationsObligations in accordance with the terms hereof.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority LendersXxxxxxx’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 upon the occurrence of an Event of Default, or (ii) on the Final Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders), in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative Agent, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, Default or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender Agents, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower Outstanding hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender Agents, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.. 105

Additional Remedies of the Administrative Agent. (ac) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, Default or (ii) on the Final Facility Maturity Date, the aggregate outstanding principal amount of the Advances, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender Agents, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.

Additional Remedies of the Administrative Agent. (a) If, (i) upon the Administrative Agent’s or the Majority Lenders’ declaration that the Advances made to the Borrower hereunder are immediately due and payable pursuant to Section 8.01 7.01 upon the occurrence of an Event of Default, or (ii) on the Final Facility Maturity DateDate (other than a Facility Maturity Date occurring pursuant to clause (d) of the definition thereof prior to an Event of Default), the aggregate outstanding principal amount of the AdvancesAdvances Outstanding, all accrued and unpaid Fees and Yield and any other Obligations are not immediately paid in full, then the Collateral Agent (acting as directed by the Administrative Agent) or the Administrative Agent (acting as directed by the Majority Lenders)Agent, in addition to all other rights specified hereunder, shall have the right, in its own name and as agent for the Lenders and Administrative AgentLender, to immediately sell (at the Servicer’s expense) in a commercially reasonable manner, in a recognized market (if one exists) at such price or prices as the Administrative Agent may reasonably deem satisfactory, any or all of the Collateral Portfolio and apply the proceeds thereof to the Obligations.